where are we in this gold bull run? - ross norman, sharps pixley
DESCRIPTION
Where are we in this gold bull run? Ross Norman, CEO, Sharps Pixley, London Mining On Top: Helsinki 16-17 September 2013 | HelsinkiTRANSCRIPT
![Page 1: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/1.jpg)
Where are we in this gold bull run ?
Ross Norman
![Page 2: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/2.jpg)
2
![Page 3: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/3.jpg)
3
H1 Strong Fundamentals ... H2 The Economy ...
![Page 4: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/4.jpg)
4
Gold Production Flat … Discoveries Falling ...
![Page 5: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/5.jpg)
5
Production Costs Providing A Price Floor ?
Source : RBC Capital Markets
![Page 6: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/6.jpg)
6
Western Investors Selling Out ...
![Page 7: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/7.jpg)
7
Chinese Gold Demand – Positively Rampant
![Page 8: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/8.jpg)
8
Indian Demand Remains Surprisingly Robust
![Page 9: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/9.jpg)
9
Indian Government At War With Gold ?
![Page 10: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/10.jpg)
10
Central Bank Gold Buying At A 48 Year High
![Page 11: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/11.jpg)
11
Demand Weakening
![Page 12: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/12.jpg)
12
Gold Mirrors Monetary Expansion – To A Point
![Page 13: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/13.jpg)
13
SUMMARY
![Page 14: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/14.jpg)
14
SUMMARY
Attractive FUNDAMENTALS set the stage for a sustainable gold rally between 2000 and 2008 The ECONOMIC CRISIS accelerated the rate of price increase between 2008 and 2011 2011 to 2013 – Western Investors SELL Gold 2013+ Gold is in transition and becoming Asian-centric and once the fear trade has left, the market is set for a slower rate of growth not dissimilar to the 2000/2008 period
![Page 15: Where are we in this gold bull run? - Ross Norman, Sharps Pixley](https://reader035.vdocuments.net/reader035/viewer/2022062406/55905d021a28ab642e8b4702/html5/thumbnails/15.jpg)
15
Ross Norman